WM Options History — June 2021

In June 2021, WM traded between $137.72 and $140.87. ATM implied volatility averaged 14.8%, placing in the 4.5% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 3.1% (HV 20d: 11.7%). Max pain ranged from $130.00 to $145.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.64.

Notable Days

  • 2021-06-02: Highest Volume — 12,381 contracts
  • 2021-06-21: Largest IV drop — 9.4% change
  • 2021-06-18: Highest IV Rank — 10.1%
  • 2021-06-04: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$139.70$137.72$140.87$140.07$140.19
Max Pain$134.32$130.00$145.00$145.00$135.00
ATM IV14.8%14.0%16.0%15.1%14.5%
Expected Move4.3%4.0%4.8%4.3%4.2%
HV 20d11.7%8.4%17.1%16.9%8.9%
HV 60d14.1%12.7%16.6%16.6%12.7%
IV Rank4.5%0.3%10.1%5.9%2.9%
IV Percentile2.9%0.8%10.3%1.6%3.2%
Term Structure2.5%1.4%3.5%1.4%3.4%
VWIV15.7%14.4%18.7%15.8%14.7%
Skew 25d2.6%1.8%3.7%2.0%1.9%
Skew 10d5.9%3.2%7.8%4.2%4.8%
Call IV 25d14.6%13.5%16.2%14.9%15.1%
Put IV 25d17.2%15.6%18.8%16.9%17.0%
Bid-Ask Spread %69.2427.1686.6577.7161.61
Gamma HHI0.160.130.180.140.18
Net GEX6.9M5.7M8.2M6.3M8.2M
Net DEX-142.8M-194.0M-109.5M-183.4M-160.1M
Net VEX-986.4K-1.0M-902.3K-1.0M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.042.340.890.33
Total Volume1,911.40953612,3819481,745
Total OI50,726.63647,35452,62451,30652,295

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$140.07$145.0015.1%4.3%16.9%5.9%15.8%2.0%1.4%6.3M-183.4M-1.0M0.8977.71N/AN/A50244631,57419,732
2021-06-02$140.87$145.0014.8%4.3%17.0%4.5%14.7%2.0%1.8%6.4M-194.0M-1.0M0.0483.86N/AN/A11,95242931,69920,067
2021-06-03$140.56$130.0015.4%4.7%16.9%7.1%16.6%3.5%2.1%5.7M-139.6M-1.0M0.3280.23N/AN/A95630928,61920,355
2021-06-04$140.83$130.0014.7%4.8%16.9%4.0%17.1%3.7%1.8%6.3M-149.2M-994.1K0.1383.35N/AN/A4766029,10120,594
2021-06-07$139.68$130.0015.6%4.6%17.1%8.0%16.7%2.6%2.7%6.2M-130.5M-1.0M0.2471.67N/AN/A99623729,29420,616
2021-06-08$139.44$130.0014.8%4.4%15.9%4.6%15.3%2.8%2.4%6.5M-131.8M-987.2K0.3673.54N/AN/A1,20043729,61920,730
2021-06-09$139.77$130.0015.2%4.4%14.3%6.5%14.8%3.0%2.4%6.6M-132.5M-1.0M0.2172.49N/AN/A71715129,66120,963
2021-06-10$139.75$130.0014.8%4.2%13.0%4.4%14.8%2.8%2.8%6.7M-133.9M-1.0M0.5879.75N/AN/A43324929,62221,053
2021-06-11$139.40$130.0014.1%4.1%9.9%1.2%14.4%2.1%3.2%6.5M-125.3M-998.1K0.8366.19N/AN/A41334329,73621,232
2021-06-14$140.03$135.0014.8%4.2%9.9%4.4%14.6%2.6%2.4%6.7M-136.5M-948.5K0.2686.24N/AN/A92023529,78121,477
2021-06-15$140.78$135.0015.3%4.4%10.0%6.8%14.7%2.5%2.3%7.1M-145.9M-968.6K0.1879.59N/AN/A1,31324230,11321,575
2021-06-16$139.85$135.0015.1%4.3%10.2%5.9%14.8%2.3%2.1%7.5M-135.8M-967.8K0.4783.84N/AN/A89841930,67421,686
2021-06-17$139.58$135.0015.1%4.3%8.5%5.6%16.0%3.1%1.8%7.8M-128.8M-948.3K0.9086.65N/AN/A83274930,77321,828
2021-06-18$137.72$135.0016.0%4.6%8.4%10.1%16.6%2.6%1.6%6.3M-109.5M-958.3K1.2484.43N/AN/A8411,04030,89821,726
2021-06-21$139.14$135.0014.5%4.2%9.3%2.8%16.7%3.1%2.6%6.9M-141.8M-955.0K1.2827.16N/AN/A9721,24627,58919,765
2021-06-22$139.88$135.0014.5%4.1%9.4%2.8%15.7%2.7%2.6%7.3M-154.6M-920.7K2.3429.97N/AN/A19345228,14020,257
2021-06-23$139.10$135.0014.2%4.1%9.5%1.7%14.5%2.5%2.5%6.9M-136.8M-902.3K0.5928.97N/AN/A1,7711,04528,22520,561
2021-06-24$138.60$135.0014.5%4.2%9.2%2.9%17.8%1.8%2.7%6.8M-134.0M-1.0M0.2961.60N/AN/A1,39440828,77121,091
2021-06-25$139.25$135.0014.5%4.2%9.2%3.0%15.4%2.2%3.2%7.3M-146.7M-998.3K0.2480.12N/AN/A88521429,89621,353
2021-06-28$139.16$135.0014.5%4.2%9.1%2.9%18.7%2.2%3.0%7.8M-143.4M-970.6K1.8344.16N/AN/A34162530,20121,418
2021-06-29$139.67$135.0014.0%4.0%9.0%0.3%15.6%2.6%3.5%8.1M-148.4M-992.0K0.5980.14N/AN/A1,8691,09630,26421,362
2021-06-30$140.19$135.0014.5%4.2%8.9%2.9%14.7%1.9%3.4%8.2M-160.1M-1.0M0.3361.61N/AN/A1,30843730,62621,669